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Message
2
Posted on 8/23/23 at 2:20 pm to Fe_Mike
did they say what they've done with El Goucho?
he is not to be harmed.
he is not to be harmed.
Posted on 8/23/23 at 2:39 pm to Shamoan
quote:
did they say what they've done with El Goucho?
Hopefully they have him in the apparel department. I need a hat!
Posted on 8/23/23 at 2:43 pm to ev247
quote:
From 5/9/23 PR:
"Under the JDA, Standard Lithium and KTS will work together to integrate the proprietary KTS Li-Pro™ Lithium Selective Sorption (LSS) technology into a complete flowsheet solution, and Standard Lithium will have exclusive rights to deploy this technology at any of its projects in the Smackover Formation under a license agreement."
Does this mean that no one else can use Koch's DLE tech in the Smackover?
IF this is the case, i would think that Kock would have to have 100% confidence that SLI will succeed with all of the phases of this project. IF not, they wouldnt sign such a deal.
Posted on 8/23/23 at 3:48 pm to Fe_Mike
Thanks for all the info!!
Posted on 8/23/23 at 5:47 pm to Fe_Mike
Fe Mike and Ev, really appreciate you guys persistence here.
Can't thank you enough.
I was 50/50 on dumping it all at the next spike... like today... but your efforts and information have convinced me to stay the course...
Can't thank you enough.
I was 50/50 on dumping it all at the next spike... like today... but your efforts and information have convinced me to stay the course...
Posted on 8/23/23 at 6:02 pm to Fe_Mike
Appreciated as always. Good to hear additional info even if filtered through PR glasses from IR
No. This would increase cash and a corresponding liability on the balance sheet. No revenue until fulfilled/delivered under the contract
quote:
Could even have actual revenue way earlier than we thought with prepaid offtake (does that go under revenue in accounting? Not a finance major).
No. This would increase cash and a corresponding liability on the balance sheet. No revenue until fulfilled/delivered under the contract
Posted on 8/23/23 at 6:17 pm to Fe_Mike
quote:
With a lot of these guys/gals, I can get them stuttering and fumbling responses. Mintak has always been on point with me, even a step ahead. I've never caught him off guard or lacking for a response. It also surprises me just how much he has educated himself on the technical side of the company. He can really speak knowledgeably to the technology which is impressive for someone with his background.
Agreed. He's even more impressive in person. Much more relaxed and on point than he has seemed in some interviews.
Posted on 8/23/23 at 6:24 pm to Dock Holiday
quote:this lol
I was 50/50 on dumping it all at the next spike... like today... but your efforts and information have convinced me to stay the course...
I'm back on the train
Posted on 8/23/23 at 7:09 pm to Fe_Mike
quote:
Could even have actual revenue way earlier than we thought with prepaid offtake (does that go under revenue in accounting? Not a finance major).
Debit your cash, credit your liability.
Service/sale is fulfilled, debit liability, credit your income.
quote:
ApexHunterNetcode
What he said
All in all, seems very positive. I remain cautiously optimistic.
This post was edited on 8/23/23 at 7:13 pm
Posted on 8/23/23 at 7:19 pm to AUHighPlainsDrifter
quote:
FE_Mike and ev247, I think I speak for most here when I say that we really appreciate the insight and effort that you guys are putting in to this thing. Thank you!
This.
Posted on 8/23/23 at 8:13 pm to Fe_Mike
Mike - thank you so much for your persistence. I was ready to dump this very soon. I did have a question, though. Any idea why they couldnt say this in their press release? I think they said they were waiting on equipment pricing and confirmation from third party testing. If they can tell you this on the phone, why couldnt they release this officially?
Other question. Did they say they were going to cut some capital spend by building to a temporarily reduced Lanxess rate? I just dont understand the logic in this at all. The cost to debottleneck after a plant is built is much higher than doing that from the start.
quote:
The main delay with the DFS (meaning why it didn’t happen ‘early Q3’) was related to clarifying with Canadian regulatory authorities what they would be allowed to speak to in a press release.
quote:
SLI needed to confirm whether they could speak to the project economics as a whole in conjunction with the DFS, or if they could only comment on Phase
quote:
The other delay is working with Lanxess to approve the release. Both companies have to review, edit, comment, and ultimately approve the PR. This is currently happening. The DFS package itself is complete.
Other question. Did they say they were going to cut some capital spend by building to a temporarily reduced Lanxess rate? I just dont understand the logic in this at all. The cost to debottleneck after a plant is built is much higher than doing that from the start.
This post was edited on 8/23/23 at 8:44 pm
Posted on 8/23/23 at 8:25 pm to Dock Holiday
I was waiting for a pop and planning on selling CC's at 5 to break even. I decided against it after Mike's post. Thanks FeMike for your info.
Posted on 8/23/23 at 11:44 pm to Shamoan
This company will ruin me (ok, I’m young and can absorb a relatively early hit…just turned 41 and dealing with non-critical money), OR I’m getting a huge wave that sets me up to financial independence and something that cuts a decade or half a decade off my retirement. I am willing to ride until it dips under $2.50. I’m just watching at this point. No care, just pick a lane SLi.
Posted on 8/24/23 at 8:40 am to ev247
quote:
Under the JDA, Standard Lithium and KTS will work together to integrate the proprietary KTS Li-Pro™ Lithium Selective Sorption (LSS) technology into a complete flowsheet solution, and Standard Lithium will have exclusive rights to deploy this technology at any of its projects in the Smackover Formation under a license agreement.
quote:
Does this mean that no one else can use Koch's DLE tech in the Smackover?
I wouldn’t draw that conclusion from the quote above, but it would certainly be a point worth clarifying.
And, Mike, nice update. TYFYS.
Posted on 8/24/23 at 8:47 am to jamiegla1
quote:
I did have a question, though. Any idea why they couldnt say this in their press release? I think they said they were waiting on equipment pricing and confirmation from third party testing. If they can tell you this on the phone, why couldnt they release this officially?
The third party testing was for PFS results not the Lanx DFS. But anyway, I'd guess two reasons. First, that explanation (equipment pricing) from the press release was explaining the delay from Q2 to Q3. The explanation I got was for the delay from 'early Q3' to apparently late Q3. Second, they pretty much blamed RA's and Lanxess for the delay. That's something you can get away with saying on a phone call to a random investor, but it's not something you want in an official company press release. Not good business to publicly blame people you're constantly working with for delays - Lanxess has no idea what the company said to me. If they PR'd that, Lanx would be fully aware the company is kinda throwing them under the bus.
quote:
Other question. Did they say they were going to cut some capital spend by building to a temporarily reduced Lanxess rate? I just dont understand the logic in this at all. The cost to debottleneck after a plant is built is much higher than doing that from the start.
I did not take away from the convo that it is a 'temporarily reduced' rate for the South plant. My understanding was that they are planning for the 5-6k TPA rate at the South plant for the life of the project. The Central and West plants are the big dogs so the reduced rate at the South plant I think impacts the full rate annual economics very slightly. I don't know if they intend to make up rate with trains 2 & 3 once they are online.
This post was edited on 8/24/23 at 8:49 am
Posted on 8/24/23 at 9:01 am to Fe_Mike
Thanks for the explanation.
yeah, I get that and was my first thought. I guess its different in my industry. Our PR would never say something to a random investor that they wouldn't say publicly. Hell, they limit what they tell employees. I generally know the margins on the chemicals we make but they kind of keep it quiet. Loose lips sink ships.
It's honestly refreshing to hear that a decision has been made and not a major source of contention.
Thanks again for calling them. There are no ends to the number of technical questions Id want to ask them that they'd never answer. But youre asking them the important questions for investors that I wouldnt even know to ask.
quote:
That's something you can get away with saying on a phone call to a random investor, but it's not something you want in an official company press release. Not good business to publicly blame people you're constantly working with for delays - Lanxess has no idea what the company said to me. If they PR'd that, Lanx would be fully aware the company is kinda throwing them under the bus.
yeah, I get that and was my first thought. I guess its different in my industry. Our PR would never say something to a random investor that they wouldn't say publicly. Hell, they limit what they tell employees. I generally know the margins on the chemicals we make but they kind of keep it quiet. Loose lips sink ships.
quote:
I did not take away from the convo that it is a 'temporarily reduced' rate for the South plant. My understanding was that they are planning for the 5-6k TPA rate at the South plant for the life of the project
It's honestly refreshing to hear that a decision has been made and not a major source of contention.
Thanks again for calling them. There are no ends to the number of technical questions Id want to ask them that they'd never answer. But youre asking them the important questions for investors that I wouldnt even know to ask.
Posted on 8/24/23 at 9:17 am to jamiegla1
quote:
There are no ends to the number of technical questions Id want to ask them that they'd never answer
On that note, they told me if I wanted to get together a group of investors for a round table discussion on Teams/Zoom they would be open to that.
Said they could have reps there from IR, corporate, and engineering if we had more technical questions.
If there is enough interest there I could set it up - probably something that would be more useful after DFS and further info is out, though.
Posted on 8/24/23 at 10:52 am to Fe_Mike
Thats awfully generous of them. Ill start making a list in case that day comes
Posted on 8/24/23 at 1:56 pm to Fe_Mike
quote:
On that note, they told me if I wanted to get together a group of investors for a round table discussion on Teams/Zoom they would be open to that.
Filter turns lawyer into cat during Zoom hearing
This post was edited on 8/24/23 at 1:57 pm
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